CL
Capitolis Liquid Global Markets LLC — 13F Portfolio Analysis & Stock Picks (Q4 2025)
Capitolis Liquid Global Markets LLCCIK: 0001960050
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$16.8B
Reporting period: 2025-12-31 · Number of holdings: 317
Capitolis Liquid Global Markets LLC disclosed 317 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $16.8B and a quarterly turnover rate of 57.5%.
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Personality snowflake
- Concentration
- 9.15
- Portfolio Stability
- 57.53
- Momentum
- 100
- Sector conviction
- 65.71
- Diversification
- 100
- Sizing Uniformity
- 74.95
Capitolis Liquid Global Markets LLC's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 44 equally-sized positions, well below its 317 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.50), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim NVDA
+7.6% $78.0M
Add ISRG
+1070.2% $265.7M
Add KVUE
+1116.8% $174.3M
Add GOOGL
+30.5% $295.1M
Trim FISV
+11.4% -$82.6M
Trim CRM
-37.4% -$63.8M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Capitolis is running a high-velocity momentum rotation: it aggressively added to GOOGL, ISRG, and KVUE, initiated positions in EA and VEA, and maintained its tech heavies. With a 100th-percentile momentum tilt, 317 holdings, and 57% turnover, this is systematic trend-following, not discretionary conviction—the goal is to capture short- to medium-term alpha by rotating into winners across sectors and geographies.
Macro & Fundamentals
The macro bet is a continuation of the risk-on regime: tech and communication services dominance persists, momentum factors stay rewarded, and global growth remains stable enough to avoid sharp reversals. The opposing thesis is a sudden regime shift—recession, inflation spike, or geopolitical shock—that would crush momentum via multiple compression and factor rotation, leaving this highly churned, tech-heavy portfolio exposed to a liquidity trap and forced unwinding.
Blind Spots / Risks
Capitolis' extreme momentum score (100th percentile) and 38.5% IT allocation create a dangerous double-exposure: the portfolio is betting against mean reversion in both factor and sector space. Any reversal in risk appetite will trigger simultaneous unwinds in crowded momentum positions and tech longs, amplifying drawdowns. The 57% turnover also becomes a hidden cost during volatility spikes, eroding the very alpha it chases.
AI-assisted summary drawn from this institution's SEC EDGAR filings, covering historical data only. Not a substitute for professional investment advice — cross-check against the primary source filing below. View the original 2025-12-31 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 317 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.62% | -1.62% | +7.60% | |
| 2 | META | Meta Platforms Inc-class A | Stock-Comm Services | 5.02% | +0.04% | +49.95% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 4.73% | +0.28% | +33.27% | |
| 4 | AVGO | Broadcom Inc | Stock-Tech | 4.67% | — | +0.43% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 4.57% | -0.42% | +31.08% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.35% | +0.89% | +30.53% | |
| 7 | BAC | Bank Of America CORP | Stock-Financials | 4.07% | — | -0.72% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.36% | -0.38% | +14.32% | |
| 9 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.14% | -0.11% | +36.71% | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.82% | -0.11% | +23.61% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.70% | — | -25.08% | |
| 12 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 1.70% | +1.55% | +1070.17% | |
| 13 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.68% | +0.49% | +47.01% | |
| 14 | MA | Mastercard Inc - A | Stock-Financials | 1.55% | — | +12.70% | |
| 15 | CSCO | Cisco Systems Inc | Stock-Tech | 1.40% | — | +6.36% | |
| 16 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.19% | +0.24% | +60.12% | |
| 17 | KVUE | Kenvue Inc | Stock-Consumer Staples | 1.13% | +1.01% | +1116.78% | |
| 18 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.13% | +0.37% | +92.82% | |
| 19 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 1.10% | — | +25.89% | |
| 20 | WMT | Walmart Inc | Stock-Consumer Staples | 1.09% | — | -0.19% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.01% | — | -23.07% | |
| 22 | MS | Morgan Stanley | Stock-Financials | 0.97% | +0.59% | +204.57% | |
| 23 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.94% | +0.72% | +494.40% | |
| 24 | ABBV | Abbvie Inc | Stock-Healthcare | 0.92% | — | +13.91% | |
| 25 | EA | Electronic Arts Inc | Stock-Comm Services | 0.89% | +0.89% | NEW | |
| 26 | CRM | Salesforce Inc | Stock-Tech | 0.89% | -0.81% | -37.41% | |
| 27 | QCOM | Qualcomm Inc | Stock-Tech | 0.88% | +0.52% | +219.29% | |
| 28 | PGR | Progressive CORP | Stock-Financials | 0.88% | — | -3.93% | |
| 29 | LUV | Southwest Airlines Co | Stock-Industrials | 0.85% | +0.27% | +51.41% | |
| 30 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.85% | +0.85% | NEW | |
| 31 | SJM | Jm Smucker Co/the | Stock-Consumer Staples | 0.76% | — | +26.06% | |
| 32 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.74% | — | +0.35% | |
| 33 | 430 | Terns Pharmaceuticals Inc | Stock-Other | 0.73% | +0.73% | NEW | |
| 34 | KLAC | Kla CORP | Stock-Tech | 0.73% | +0.41% | +172.36% | |
| 35 | FISV | Fiserv Inc | Stock-Other | 0.68% | -0.89% | +11.35% | |
| 36 | USB | US Bancorp | Stock-Financials | 0.66% | +0.53% | +525.26% | |
| 37 | NOW | Servicenow Inc | Stock-Tech | 0.64% | +0.23% | +1144.89% | |
| 38 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.63% | — | +28.62% | |
| 39 | INTU | Intuit Inc | Stock-Tech | 0.62% | +0.32% | +187.27% | |
| 40 | HD | Home Depot Inc | Stock-Consumer Disc | 0.59% | +0.50% | +964.40% | |
| 41 | AMD | Advanced Micro Devices | Stock-Tech | 0.58% | +0.58% | NEW | |
| 42 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.58% | — | +94.65% | |
| 43 | SE | Sea Ltd-adr | Stock-Comm Services | 0.51% | +0.51% | NEW | |
| 44 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.51% | +0.51% | NEW | |
| 45 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.50% | +0.50% | NEW | |
| 46 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.50% | +0.50% | NEW | |
| 47 | ROP | Roper Technologies Inc | Stock-Tech | 0.49% | +0.49% | NEW | |
| 48 | CSGP | Costar Group Inc | Stock-Real Estate | 0.47% | +0.47% | NEW | |
| 49 | ADI | Analog Devices Inc | Stock-Tech | 0.47% | — | -32.41% | |
| 50 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.46% | — | +24.21% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.8%
Performance Last 4 Quarters
+25.2%
- Stdev
- +13.2%
- Beta
- +1.06
- Alpha
- +0.7%
- Max Drawdown
- -9.8%
- Annualized Perf
- +21.1%
- Batting Avg vs S&P
- +60%
- Sortino
- +3
- Stutzer
- +0.44
- Treynor
- +0.19
- Sterling
- +1.14
- Calmar
- +2.16
- Information Ratio
- +0.48
- Tracking Error
- +3.5%
- Stdev Down
- +6.7%
- Winning Months %
- +70%
- Losing Months %
- +30%
- Best 12 Months
- +40.6%
- Worst 12 Months
- +4.2%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.52
- Stdev Sectors
- +10.8%
- Skewness
- -0.1
- Kurtosis
- +0.66
- Upside Potential
- +4.45
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Capitolis Liquid Global Markets LLC's most significant position changes for 2025-12-31: New buy: Electronic Arts Inc (EA); New buy: Vanguard Ftse Developed ETF (VEA); New buy: Terns Pharmaceuticals Inc (430); Sold out: Vanguard Value ETF (VTV); Sold out: Proshares S&p 500 Dividend A (NOBL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ISRG | Intuitive Surgical Inc | +1.6% | +1070.17% | Add |
| 2 | KVUE | Kenvue Inc | +1% | +1116.78% | Add |
| 3 | GOOGL | Alphabet Inc-cl A | +0.9% | +30.53% | Add |
| 4 | PLTR | Palantir Technologies Inc-a | +0.7% | +494.40% | Add |
| 5 | MS | Morgan Stanley | +0.6% | +204.57% | Add |
| 6 | USB | US Bancorp | +0.5% | +525.26% | Add |
| 7 | QCOM | Qualcomm Inc | +0.5% | +219.29% | Add |
| 8 | HD | Home Depot Inc | +0.5% | +964.40% | Add |
| 9 | GOOG | Alphabet Inc-cl C | +0.5% | +47.01% | Add |
| 10 | KLAC | Kla CORP | +0.4% | +172.36% | Add |
| 11 | UNH | Unitedhealth Group Inc | +0.4% | +2232.67% | Add |
| 12 | PEP | Pepsico Inc | +0.4% | +92.82% | Add |
| 13 | INTU | Intuit Inc | +0.3% | +187.27% | Add |
| 14 | AAPL | Apple Inc | +0.3% | +33.27% | Add |
| 15 | LUV | Southwest Airlines Co | +0.3% | +51.41% | Add |
| 16 | SCHW | Schwab (charles) CORP | +0.2% | +60.12% | Add |
| 17 | NOW | Servicenow Inc | +0.2% | +1144.89% | Add |
| 18 | META | Meta Platforms Inc-class A | 0% | +49.95% | Add |
| 19 | COST | Costco Wholesale CORP | -0.1% | +36.71% | Add |
| 20 | JPM | Jpmorgan Chase & Co | -0.1% | +23.61% | Add |
| 21 | AMZN | Amazon.com Inc | -0.4% | +14.32% | Add |
| 22 | MSFT | Microsoft CORP | -0.4% | +31.08% | Add |
| 23 | GS | Goldman Sachs Group Inc | -0.5% | -78.17% | Trim |
| 24 | INTC | Intel CORP | -0.5% | -65.22% | Trim |
| 25 | COP | Conocophillips | -0.6% | -62.04% | Trim |
| 26 | CRM | Salesforce Inc | -0.8% | -37.41% | Trim |
| 27 | FISV | Fiserv Inc | -0.9% | +11.35% | Add |
| 28 | NVDA | Nvidia CORP | -1.6% | +7.60% | Add |
| 29 | EA | Electronic Arts Inc | — | NEW | New buy |
| 30 | VEA | Vanguard Ftse Developed ETF | — | NEW | New buy |
| 31 | 430 | Terns Pharmaceuticals Inc | — | NEW | New buy |
| 32 | VTV | Vanguard Value ETF | — | EXIT | Sold out |
| 33 | NOBL | Proshares S&p 500 Dividend A | — | EXIT | Sold out |
| 34 | AMD | Advanced Micro Devices | — | NEW | New buy |
| 35 | HTHT | H World Group Ltd-adr | — | EXIT | Sold out |
| 36 | SE | Sea Ltd-adr | — | NEW | New buy |
| 37 | HPE | Hewlett Packard Enterprise | — | NEW | New buy |
| 38 | VCIT | Vanguard Int-term Corporate | — | NEW | New buy |
| 39 | NSC | Norfolk Southern CORP | — | NEW | New buy |
| 40 | ROP | Roper Technologies Inc | — | NEW | New buy |
| 41 | CSGP | Costar Group Inc | — | NEW | New buy |
| 42 | NFLX | Netflix Inc | — | NEW | New buy |
| 43 | FIS | Fidelity National Info Serv | — | NEW | New buy |
| 44 | ORCL | Oracle CORP | — | NEW | New buy |
| 45 | GPCR | Structure Therapeutics Inc | — | NEW | New buy |
| 46 | FDX | Fedex CORP | — | NEW | New buy |
| 47 | NEE | Nextera Energy Inc | — | EXIT | Sold out |
| 48 | KR | Kroger Co | — | EXIT | Sold out |
| 49 | COR | Cencora Inc | — | NEW | New buy |
| 50 | GDXJ | Vaneck Junior Gold Miners | — | NEW | New buy |
Filing History
FAQ
What is Capitolis Liquid Global Markets LLC and what type of investor is it?
Capitolis Liquid Global Markets LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $16.8B, spread across 317 disclosed positions.
What are Capitolis Liquid Global Markets LLC's largest equity positions?
Based on the latest 13F filing, Capitolis Liquid Global Markets LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $1.1B (6.6%)
2. Meta Platforms Inc-class A (META) — $841.1M (5.0%)
3. Apple Inc (AAPL) — $793.6M (4.7%)
4. Broadcom Inc (AVGO) — $783.1M (4.7%)
5. Microsoft CORP (MSFT) — $765.5M (4.6%)
What changes did Capitolis Liquid Global Markets LLC make in its most recent portfolio filing?
In the latest reported quarter, Capitolis Liquid Global Markets LLC made 50 notable position adjustments: 17 new positions were initiated, 24 existing holdings were added to, 4 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Electronic Arts Inc (EA); New buy: Vanguard Ftse Developed ETF (VEA); New buy: Terns Pharmaceuticals Inc (430); Sold out: Vanguard Value ETF (VTV); Sold out: Proshares S&p 500 Dividend A (NOBL)
What sectors does Capitolis Liquid Global Markets LLC focus on?
Capitolis Liquid Global Markets LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 38.5%
• Financials: 15.8%
• Communication Services: 15.6%
• Health Care: 9.2%
• Consumer Discretionary: 8.4%
• Consumer Staples: 7.2%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Capitolis Liquid Global Markets LLC returned an annualized 21.1% over the trailing 30 months — outperforming the S&P 500 by 0.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.06 (roughly in line with the market) and a 60% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 38.5% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 58 over the past 4 quarters — a shift toward more active trading.
It has added to its BAC position over the past two quarters (+$293.3M, now $682.4M), while trimming CRM over the same stretch (-$104.0M, still holding $148.6M).
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Developer Access
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REST API
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